Overview

Bounce back: Rising disposable income and vehicle mileage will support demand for industry products

IBISWorld’s The Retail Market for Auto Tires market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$45bn
Annual Growth
11-16
6.1%
Annual Growth
16-21
Profit
Employment
259,182
Business
47,940

Industry Threats & Opportunities

  • Rising disposable income has stimulated consumer demand for tire replacements
  • Competition from big-box retailers has resulted in some consolidation among tire dealers
  • To meet environmental standards, demand for specialized tires will grow

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    Industry Analysis & Industry Trends

    The Retail Market for Auto Tires industry has rebounded strongly over the past five years amid economic recovery, largely driven by increased disposable income and vehicle mileage movements. Pent-up demand following the recession spurred many consumers to replace their tires, which they held off on during the economic downturn. Moreover, the average fleet vehicle age is anticipated to rise over the five years to 2016, which will in turn facilitate demand for tire retailers. Overall, the industry is anticipated to increase at an impressive rate over the five years to 2016. The industry will continue to grow in the five years to 2021, albeit at a decelerated rate, due to expected stabilized customer demand...

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    Industry Report - Industry Products Chapter

    New and used passenger vehicle tires

    At 64.7% of industry revenue, the passenger vehicle tires segment, which is composed of both standard and high-performance tires, makes up the largest industry product segment. In 2016, new passenger vehicle tires generate 62.9% of revenue, while used passenger vehicle tires generate just 1.8% of revenue. Over the past five years, passenger tires have remained steady as a percentage of total revenue. As per capita income rebounded after recessionary lows, demand for new and used vehicles rose, which boosted demand for passenger vehicle tires.

    New and used light truck tires

    Light truck tires make up the second-largest industry product segment in 2016, accounting for an estimated 12.8% of industry revenue, with 12.4% a..

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    Additional Insights for the The Retail Market for Auto Tires Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the The Retail Market for Auto Tires Industry are

  • Economies of scale
  • Effective cost controls
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Total vehicle miles and Average age of vehicle fleet in the The Retail Market for Auto Tires industry impact industry performance..

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    Industry Products

    What is the The Retail Market for Auto Tires Industry?

    Tire retailers sell automobile tires and tubes that are used on all types of passenger vehicles and freight vehicles. This report shows the size of the retail market for this product and includes sales from all major retail channels, including specialty stores, general merchandisers and internet retailers.

    Industry Products
    New passenger vehicle tires
    Used passenger vehicle tires
    New light truck tires
    Used light truck tires
    New tires for other types of vehicles
    Used tires for other types of vehicles
    Industry Activities
    Retail new passenger vehicle tires
    Retail new light vehicle tires
    Retail new truck tires
    Retail used vehicle tires

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Total vehicle miles
  • Average age of vehicle fleet
  • Demand from car and automobile manufacturing
  • Per capita disposable income

  • Current Performance
  • Rebounds push up growth rates
  • Specialization vs. e-commerce and big box retailers
  • Volatile profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand determinants
  • Operational changes
  • Table: The Retail Market for Auto Tires Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - The Retail Market for Auto Tires Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Mining
  • Long-Distance Freight Trucking
  • Scheduled and Charter Bus Services
  • Consumers

  • Key Selling Industries
  • Plastic & Resin Manufacturing
  • Plastics & Rubber Machinery Manufacturing
  • Public Storage & Warehousing
  • Tire Manufacturing
  • Tire Wholesaling

  • Products & Services
  • New passenger vehicle tires
  • New tires for other types of vehicles
  • New light truck tires
  • Used tires for other types of vehicles
  • Used passenger vehicle tires
  • Used light truck tires
  • Chart: The Retail Market for Auto Tires Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers in medium income bracket
  • Consumers in highest income bracket
  • Business and government bodies
  • Consumers in lowest income bracket
  • Construction and mining
  • Farmers
  • Chart: Major Market Segmentation for the The Retail Market for Auto Tires Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs The Retail Market for Auto Tires

  • Basis of Competition
  • Physical retailers
  • Online retailers

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the The Retail Market for Auto Tires Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the The Retail Market for Auto Tires Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the The Retail Market for Auto Tires Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Total vehicle miles (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Green Tire Technology
  • A technological development that reduces the environmental impact of tires by replacing traditional carbon black with silane-treated silica as a reinforcing filler in tread compounds.
  • Retread
  • A used tire that has been remanufactured using specialized equipment to increase the life of the tire up to 10 times.
  • Run Flat Tire Technology
  • A technological development in tires that allows them to resist the effects of deflation when punctures occur, enabling the vehicle to continue driving at a reduced speed.
  • Synthetic Rubber
  • A polymer that is made from synthetic substances to create a rubber substitute.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on The Retail Market for Auto Tires:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The The Retail Market for Auto Tires market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on The Retail Market for Auto Tires, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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